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Apr 20, 2016 @ 9:25

Liberty registers net loss of P1.6b

 

The telecommunications unit of San Miguel Corp. said on Tuesday it booked a bigger net loss in 2015, mostly because of higher operating expenses.

Liberty Telecoms Holdings Inc. said net loss amounted to P1.59 billion in 2015, up 75 percent from P883.06 million in 2014.

Revenues amounted to P291.94 million last year, down 32 percent from P427.15 million in 2015.

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